SBA 504 Debenture Rates — November 2025
Effective rates priced November 6, 2025
SBA 504 debenture rates for November 2025 were priced on November 6, 2025. The 25-year standard effective rate came in at 5.862%, down 6 basis points from October 2025.
Standard Rates
10-Year
5.652%
−11 bps vs Oct 2025
20-Year
5.923%
−6 bps vs Oct 2025
25-Year
5.862%
−6 bps vs Oct 2025
Manufacturing Rates
10-Year Mfg
5.351%
+6 bps vs Oct 2025
20-Year Mfg
5.672%
−6 bps vs Oct 2025
25-Year Mfg
5.620%
−6 bps vs Oct 2025
Effective rates include ongoing servicing and guarantee fees. 10-year debentures are offered in alternating months; in months without a 10-year sale, the most recent offering's rate is shown. See data sources & methodology.